At Adevinta, we believe everything and everyone has a purpose in life. Our selection of digital brands unlock the full value in every person, place and thing by creating perfect matches on the world’s most trusted marketplaces.
With trusted brands that enjoy leading market positions, Adevinta operates a resilient business model at the centre of the second-hand economy at the time when consumers are seeking more sustainable and cost-efficient ways to buying products.
Sustainability is in our DNA, and we are recognised as a global sustainability leader by DJSI Europe. By providing marketplaces where people buy and sell second-hand goods, we contribute to the circular economy and help people live more sustainably.
At Adevinta we'll stay ahead of the curve by using innovation, curiosity and technology to develop products that help everyone and everything find new purpose.
We're all about matchmaking, and we take the same approach to hiring. But it's not just about finding the right skills for the job. It's also about making sure the role and the culture are the right match too.
We care about gaining and keeping the trust of our users, customers and stakeholders by acting responsibly, promoting sustainability and protecting the environment.
We invest in companies with tangible traction, a potential to scale beyond their domestic market, and who we can support with more than just financial resource.
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Sound corporate governance is an essential element to support any business in achieving its strategic objectives, sustaining successful operations and creating value for its stakeholders. Adevinta’s ultimate governing body is its Board of Directors.
The Adevinta Board sets the overall strategic direction of the Company, and oversees the CEO and management team to ensure that the day-to-day management aligns with the Board’s strategic goals. The Board also appoints, and sets the terms of employment of, the CEO, in addition to setting out the parameters of the powers and responsibilities delegated to them.
The Board has two permanent committees: the Audit and Risk Committee and the Remuneration Committee. An Integration Committee has also been established to support integrating the recently acquired eBay Classified Group businesses into Adevinta.
To ensure the Board is functioning optimally, it performs an annual self-assessment of its work and from this, forms the basis for the nomination committee’s annual evaluation of the Board’s work.
The Articles of Association state that the Board shall comprise five to thirteen members. Within this range, the number of directors is determined by the general meeting of shareholders, and a majority of directors at any time must have been elected by the general meeting.
As of today, the Board consists of ten members, six of whom have been appointed by shareholders at the Annual General Meeting of the Company for a term of one year; the other four members have been appointed directly by the Company’s significant shareholders (Schibsted and eBay) in accordance with their rights under Article 6 of the Company’s Articles of Association.